Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by DCF Advisers LLC

DCF Advisers LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,800 shares of the specialty retailer’s stock after purchasing an additional 6,500 shares during the quarter. Alibaba Group makes up 1.7% of DCF Advisers LLC’s holdings, making the stock its 18th biggest position. DCF Advisers LLC’s holdings in Alibaba Group were worth $3,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. acquired a new stake in Alibaba Group in the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group during the first quarter worth approximately $31,000. Asset Dedication LLC raised its stake in Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 400 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in Alibaba Group in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BABA. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Loop Capital restated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Robert W. Baird increased their price target on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Truist Financial dropped their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $107.61.

Alibaba Group Stock Up 4.8 %

Shares of NYSE BABA opened at $88.47 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $80.61 and its two-hundred day moving average is $77.48. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $90.46. The firm has a market cap of $224.49 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the company earned $2.47 EPS. Alibaba Group’s revenue was up 3.9% on a year-over-year basis. Research analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.